SafelyYou, a provider of an AI-enabled wall-mounted camera system for fall detection and prevention, raised $43 million in Series C funding.
Touring Capital led the investment round with participation from Samsung Next, Omega Healthcare Investors, Foundation Capital, Founders Fund, Cross Creek, and Qualcomm Ventures.
Including the latest funding round, SafelyYou has raised $100 million in funding to date.
SafelyYou said the new round of funding will help support the expansion of their products, including SafelyYou Clarity, which offers senior living’s first and only choice for accurate care measurement without wearables, and SafelyYou Aware, which leverages the company’s unique dataset to provide unprecedented insight into resident wellness, significantly improving outcomes.
“We’re so grateful for this funding at a critical juncture in care delivery for senior living, when SafelyYou’s solutions are more important than ever,” said SafelyYou founder and CEO George Netscher.
“I started this company to help my mom and to help so many families like ours who have a loved one living with dementia. And we’ve grown to provide broader care support in senior living. Now, at a time when resident acuity is increasing, care demands are greater, and staffing continues to be a crisis, we’ll be able to empower operators to predict care needs with unmatched speed and accuracy, revolutionizing how senior care is provided,” added George Netscher.